Active Listings
69
⇧ 27.8% vs 54 last year
Population: 36,574 · Density: 1,645.3/mi² · Median household income: $39,176
Typical home value: $117,561 · Homeownership: 22.8%
Data as of January 2026. Source: Realtor.com.
The MEMPHIS, TN real estate market (38115) currently shows 69 active listings, with 23 pending sales. Homes are averaging 68 days on the market before going under contract.
Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.
Homes are selling faster, averaging 68 days on market compared to 78 days last year.
The median listing price has fallen 2.4% year-over-year, from $135,750 to $132,500.
Whether you are buying or selling in MEMPHIS, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38115 | Memphis, TN 38115 | 0.0 mi | 69 | $9,758,946 | $132,500 | $141,434 |
| 38141 | Memphis, TN 38141 | 2.7 mi | 52 | $9,722,388 | $184,500 | $186,969 |
| 38138 | Germantown, TN 38138 | 4.2 mi | 116 | $81,826,980 | $509,500 | $705,405 |
| 38120 | Memphis, TN 38120 | 4.8 mi | 96 | $68,256,192 | $487,000 | $711,002 |
| 38111 | Memphis, TN 38111 | 5.9 mi | 198 | $49,977,576 | $199,900 | $252,412 |
| 38114 | Memphis, TN 38114 | 7.5 mi | 105 | $15,963,990 | $120,525 | $152,038 |
| 38088 | Cordova, TN 38088 | 7.9 mi | 1 | $139,000 | $139,000 | $139,000 |
| 38134 | Memphis, TN 38134 | 8.4 mi | 89 | $21,499,374 | $240,000 | $241,566 |
| 38654 | Olive Branch, MS 38654 | 8.5 mi | 312 | $130,688,064 | $391,950 | $418,872 |
| 38672 | Southaven, MS 38672 | 9.5 mi | 111 | $45,099,411 | $398,450 | $406,301 |
| 38671 | Southaven, MS 38671 | 9.8 mi | 105 | $28,806,855 | $264,900 | $274,351 |
| 38106 | Memphis, TN 38106 | 10.3 mi | 111 | $11,898,423 | $85,250 | $107,193 |
| 38126 | Memphis, TN 38126 | 11.3 mi | 19 | $3,676,899 | $182,500 | $193,521 |
As of January 2026, there are 69 active listings in MEMPHIS, TN (zip code 38115), compared to 54 the prior year.
The median listing price in MEMPHIS, TN 38115 is $132,500 as of January 2026, a 2.4% decrease from $135,750 the prior year.
Homes in MEMPHIS, TN 38115 spend an average of 68 days on the market before going under contract, compared to 78 days the prior year.
Based on current inventory and days-on-market data as of January 2026, MEMPHIS, TN 38115 is currently a Balanced Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are selling faster, averaging 68 days on market compared to 78 days last year.
With SELL123.com's maximum 3% commission, sellers in MEMPHIS, TN 38115 save an estimated $2,650 compared to a typical 5% commission on the median listing price of $132,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.